And yet, whenever mild temperatures stretch into January, I am lulled into a false sense of security, believing I will escape winter’s wrath. I guess it’s just human nature.

In a similar way, I suspect some retirees are being lulled into a false sense of security right now, believing the financial markets will just keep going up and up.

Markets go up, up and away

Since Donald Trump was elected president in November, the markets have been hitting new highs on a mind-blowing basis. U.S. stocks have added about $2.2 trillion in market capitalization, according to MarketWatch. And every time it seems there may be a pullback, the Trump administration announces another new policy measure, creating more optimism and market momentum.

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One example is Trump’s soon-to-be-announced plan to cut individual and corporate taxes. During a recent press conference, White House press secretary Sean Spicer said it will be the most comprehensive reform since the Tax Reform Act of 1986, which simplified America’s tax code and lowered rates, and is generally considered one of Ronald Reagan’s greatest achievements.

When news like that is announced, and the markets generally react with frenzy, it creates a euphoria that’s infectious.

One retiree’s temptation

The other day, I met with a client in my Massachusetts office. He’s a really smart guy, a software engineer. He isn’t overly emotional; he’s disciplined and always displays sound judgment — especially with respect to his nest egg. But at this meeting, I saw something different. He was incredibly excited about the market run-up.

“If I’d had more money in the market before the election, I would have made a fortune,” he said. “I thought it was going to stop, but the market just keeps going higher.”

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He hardly could contain himself but, thank goodness, his wife calmed him down. She understands that they have enough money — and they’re enjoying a beautiful, enviable retirement. But, despite all that, he’s tempted to jump back in and try for even bigger rewards.

For retirees, this is where problems start. Some retirees will get caught up in today’s market fever and decide to take on more risk than is advisable at this stage in the game. Unfortunately, and inevitably, something will go wrong, and that comfortable retirement will be reduced to something less.

The dangers of speculation

Right now, the markets are up, and that’s bound to lure some retirees into taking risks with their savings. They believe this temporary condition is their ticket to retirement prosperity, and if they jump aboard the train, they will soon arrive in paradise. But that’s seldom the way things work out.

So, at this point, enthusiasm in the market is being driven by speculation, not hard facts.

Now, I believe Trump’s tax plan will be very favorable to business, helping to improve profits and subsequent investment in the U.S. economy. With control of the House and Senate, and soon the judiciary, most of the president’s agenda is bound to be implemented.

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However, some of Trump’s policies likely will take a while to execute, and others may go down to defeat. Some of those defeats could be reflected in market losses. And other losses will be caused by unforeseen geopolitical events that will catch everyone off guard — including those retirees who are rapturous over current highs.

The moral or the story

If your financial professional is urging you to preserve your money in these uncertain times, that’s likely good advice.

It’s human nature to reach for more — especially if you’ve been successful in the past. But eventually — just like the weather in my neck of the woods — the market will go cold.

Gerry Dougherty is the founder and president of Boston Independence Group Inc. Gerry is an independent Registered Investment Adviser. Investment advice is offered through Boston Independence Group, a registered investment adviser. He hosts a weekly radio show called “Uncomplicated Money,” and recently published his first book, Uncomplicated Money: Retirement Is Within Reach, available on Amazon.com.